Oregon Revised Statutes Chapter 98 § 98.382 — Sale of

Sale of unclaimed or escheated property; methods; rules. (1)(a) The State Treasurer shall sell all unclaimed property delivered to the State Treasurer under ORS 98.352, except money, securities and digital assets, and all personal property delivered to the State Treasurer by escheat, to the highest bidder at public sale by the method and at the location that the State Treasurer determines are the most favorable for receiving the highest price for the property involved. The State Treasurer may decline the highest bid and reoffer the property for sale if the State Treasurer considers the price bid insufficient. The State Treasurer need not offer any property for sale if, in the State Treasurer’s opinion, the probable cost of sale exceeds the value of the property. (b) In choosing the most favorable method for the sale of property under this subsection, the State Treasurer may consider: (A) A public oral auction; (B) An electronic commerce forum; and (C) Any other method for sale that ensures the highest returns and provides for open, public participation. (c) In choosing the most favorable location for the sale of property under this subsection, the State Treasurer may consider: (A) The population of the location; (B) The cost of conducting the sale in the location; (C) The type of property being sold; (D) The public access to the proposed sale location, including parking; and (E) Any other indicator of market potential of the location. (2) For a sale by public oral auction held under subsection (1) of this section, the State Treasurer shall publish at least a single notice of the sale at least 10 days in advance of the sale in a newspaper of general circulation in the county where the property is to be sold. For a sale by a method other than public oral auction, the State Treasurer shall publish at least a single notice in a newspaper of general circulation in Marion County. (3) Securities listed on an established stock exchange and digital assets listed on an established digital asset exchange shall be sold on the exchange at prices prevailing on the exchange at the time of sale. Other securities and digital assets may be sold through any reasonable commercial methods the State Treasurer considers advisable. (4) The State Treasurer shall sell all securities and other intangible properties presumed abandoned and received under ORS 98.362 and digital assets at such time and place and in such manner as the State Treasurer determines will bring the highest return. (5) The State Treasurer shall indemnify the holder of securities presumed abandoned under ORS